Carrying an umbrella liability policy with an adequate limit can be the difference between having your company today and losing it tomorrow. Selecting a proper limit should be taken seriously. Don’t let the fate of your company‘s future be left solely in the hands of your insurance agent.
Selecting an umbrella limit is an inexact science; you’re trying to predict the magnitude of an event that may (or may not) happen. With that being said, the process of selecting the right limit should be more methodical than simply asking, “How much can I afford?” or “How much do I need to help me sleep at night?”
Selecting an Umbrella Limit
The best practice approach to selecting an umbrella limit incorporates these considerations.
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